Pace Oil & Gas Ltd T.PCE

Spyglass ipo

[stubble63]

Just my two cents here. I live and work in Taber, AB....

Old proven Provident staff back running the show. 18,000 boe....3 times that of DeeThree. ($6.40)

Spyglass IMHO expection to trade at 3.32 with an 11% dividend.

Pace transition at 1.3 to Spyglass. With Pace trading today at 3.30...its an automatic 30% gain...

I don't see the downside. bought 25000 shares today

[jacek99]

It all sounds so nice, however, all three companies are down today, two of which are below the price they were before this deal was announced. I hold AVF and got in a few days ago @ $3.27 and am not impressed.  Down about 20% right off the bat.  I hope to see this @ $3.32, however, the way PCE and AVF are trading as a result of the proposed merger leaves me wondering.

[stubble63]

I agree when I saw the drop in price was concerned. I just can't see Spyglass trading below $3 paying a 3 cent per month dividend. Any trading below 3.60 shows above 10% divi. Buying Pace now IMHO is a no brainer. That and I have spoken to staff in the Pace office and with Buchanan back and a major shareholder, everyone is looking forward to the change. Each company brings something to the

[tulsatea]

Do not buy spyglass. Tom Buchanan is a destroyer of shareholder value. He drove Provident into the ground and they kicked him out. The new President sold off Buchanan's worthless aquisitions and made it into a midstream company and sold it off. Buchanan put together Charger through a merger of four companies about a year ago. The share price of Charger fell from 2.50 to 25 cents. Charger had

[tulsatea]

------------CALGARY, ALBERTA--(Marketwire - March 7, 2012)   Charger Energy Corp. (formerly Seaview Energy Inc.) (the "Company") (TSX VENTURE:CHX) (formerly CVU.A, CVU.B) is pleased to announce that it has closed the previously announced business combination of Charger Energy, Seaview Energy, Silverback Energy and Sirius Energy pursuant to a plan of arrangement under the Business

[stubble63]

All juniors took a hit last year. Just look at Keith Schaefer's portfolio. The only true winner was DTX. The rest tanked along with most juniors including Charger, Pace and Avenex. Only the mid to upper tier faired well or broke even. Pace at these prices with a 1.3 to 1 ratio for Spyglass in Feb is still a bargain. I will buy on any dips, even selling DTX to get the quick 30% in Feb. Even if

[zagorsk]

         PCE and CHX were greatly undervalued by the market while AVF was somewhat undervalued           as its price was somewhat supported by its dividend. If SGL trades at a 10% dividend then           PCE is worth $4.68. (i.e SGL would trade at $3.60).               

[iaminvestor]

Pace   directors    were  the  worst  mgmt  team  ever....It  seems  they  are  not  in  the  new  company..... However   I  prefer   SCS   (Second  Wave   Petroleum)  which  is  oily  (75%  oil)  and  drilling  resumed  in  Q4 2012.